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Rumor: Third Faction Coming To Team Fortress 2?

Here's some funny news, some that can threaten the balance of the old red vs. blue dynamic we've grown so accustomed to. A tiny spot of blood on the Team Fortress 2 website has been found to link to a mysterious letter, teasing the unknown sibling of owners of TF2's two existing factions. Could this suggest a third faction is on the way?

Kotaku have broken down the letter. It seems that Blutarch and Redmond have been made aware of the existence of someone called "Gray," leading to speculation that a third gray faction is on the way.

Some other ideas are also teased -- the date that PAX finishes, for instance. Will we be hearing an announcement then? Stay tuned -- we'll report as soon as we hear anything. In the meantime, what do you think of this mysterious letter? Can you see a third faction happening in a game already so well-established?